The company has posted strong 29% growth in the Operating profit to Rs 229 crore in Q1FY2019 as against Rs 178 crore in Q1FY2018. Profit after tax at Rs 635 crore in Q1FY2019 increased 27% from Rs 499 crore in Q1FY2018.

Combined Ratio was nearly flat at 111.02%, while adjusted combined ratio reduced to 94.72% in Q1FY2019. Return on Equity (annualized) was strong at 16.1% in Q1FY201. The Solvency Margin continued to be healthy at 2.66x end June 2018.

The book value of the company including fair value change account stood at Rs 237.2 per share and excluding fair value change account stood at Rs 99.7 per share end June 2018.